Intel Corporation and Micron Technology Inc announced the world’s first 25-nanometer (nm) NAND technology, which provides a more cost-effective path for increasing storage capacity in popular consumer gadgets like smartphones, home theater, personal music and media players (PMPs), as well as the new high-performance class of solid-state drives (SSDs).

NAND flash memory stores data and other media contained in consumer electronics products, retaining information even when the power is turned off, the company said in an announcement. The drive toward smaller NAND processes enables the continued development and introduction of new uses for the technology. Not only this the smallest NAND technology, it is also the smallest semiconductor technology in the world, Intel claims.

Manufactured by IM Flash Technologies (IMFT), Intel and Micron’s NAND flash joint venture, the 25nm process produces eight gigabytes (GB) of storage in a single NAND device, creating a high-capacity storage solution for today’s tiny consumer gadgets.